
Regulation Issues | |
Increase In Regulators And Regulatory Costs |
Federal regulatory spending grew 8.4 percent in real terms from 1997 to 1998, says a new report from the Center for the Study of American Business. The study includes both social and economic regulation. Social rules are those that cover consumer health and safety, job safety, the environment and energy. Economic rules apply to the conduct of specific industries -- such as financial and banking regulations.
Historically, spending to enforce regulations more than doubled between 1960 and 1970 -- and it more than doubled again between 1970 and 1980. But during the 1980, which embraced the Reagan presidency, total regulatory spending increased just 18 percent. Spending to enforce social regulation jumped from $1.4 billion in 1960 to $8.8 billion in 1980 -- a 543 percent increase in real terms. Source: Macroscope, "Boom-Time for Rules," Investor's Business Daily, February 24, 1999. For more on the Bureaucratic State http://www.ncpa.org/pd/regulat/reg-3.html |
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